Finance Minister, Kikis Kazamias confirmed on Thursday that banks are able to absorb the Greek shock without state support. Speaking in the sidelines of a press conference, Mr. Kazamias stressed...
The bill on the capital enhancement of the Cooperatives, which provides for the two-way guarantee between the Coops and the Cooperative Central Bank, was discussed by the House Commerce Committee and...
24/01/2012
The climate in the Greek market is positive and investors are waiting for the official decisions on the PSI, according to analysts. At the same time, the optimism for the viability of the country’...
24/01/2012
Banks are considering increasing the interest rates of the housing loans ahead of the tough conditions in the sector and the increased risk in the property market. The liquidity condition in the...
24/01/2012
The European and Cypriot banks are called to submit their recapitalization plans on the basis of the European Banks’ Authority today, in the most uncertain environment of the past decades. In...
20/01/2012
Banks are engaged in defensive maneuvers to maintain their liquidity in the first weeks of 2012 ahead of this year’s challenges. The deterioration of the economy and the impacts of the Greek...
19/01/2012
The Cooperative Movement has to deal with the challenges of the times due to the deterioration of the domestic financial conditions and its exposure to Cypriot bonds. The shrinkage of the economic...
18/01/2012
The government is preparing defence lines to avoid new downgrades, after the unexpected downgrade by Standard and Poor’s. Finance Minister and Central Bank Governor had a meeting yesterday to...
Bank of Cyprus announced today that Mr. Vasos Shiarly, Group Chief General Manager, in light of the expiry of his contract on 31st December 2012, has handed over his executive duties and will...
13/01/2012
Marfin Investment Group announced the reorganization of its Board of Directors, appointing Mr. Efthimios Bouloutas as new CEO. Two members of the BoD, Mr. Dennis Malamatinas and Mr. George...
11/01/2012